Safety Insurance Group (SAFT) to Release Earnings on Wednesday

Safety Insurance Group (NASDAQ:SAFT) is expected to post its results after the market closes on Wednesday, February 25th. Analysts expect Safety Insurance Group to post earnings of $1.28 per share for the quarter.

Safety Insurance Group Stock Performance

Safety Insurance Group stock opened at $78.42 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.17 billion, a P/E ratio of 13.31 and a beta of 0.22. Safety Insurance Group has a 1-year low of $67.04 and a 1-year high of $84.20. The firm has a 50-day moving average of $77.83 and a 200-day moving average of $74.63.

Safety Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a $0.92 dividend. The ex-dividend date is Monday, March 2nd. This represents a $3.68 annualized dividend and a yield of 4.7%. Safety Insurance Group’s dividend payout ratio (DPR) is 62.48%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Safety Insurance Group in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Institutional Trading of Safety Insurance Group

Several large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Safety Insurance Group by 48.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,365 shares of the insurance provider’s stock valued at $309,000 after acquiring an additional 1,424 shares during the period. Nebula Research & Development LLC grew its holdings in Safety Insurance Group by 69.9% in the second quarter. Nebula Research & Development LLC now owns 5,593 shares of the insurance provider’s stock worth $444,000 after purchasing an additional 2,301 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Safety Insurance Group by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,734 shares of the insurance provider’s stock worth $689,000 after purchasing an additional 389 shares during the period. Cerity Partners LLC bought a new position in shares of Safety Insurance Group during the second quarter valued at approximately $225,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Safety Insurance Group during the third quarter valued at approximately $221,000. 81.04% of the stock is owned by institutional investors.

About Safety Insurance Group

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.